Get the up-to-date partial release of retainage form 2025 now

Show details

4.3 out of 5

24 votes

The document is a Certificate for Partial Release of Retainage issued by the Commonwealth of Massachusetts Department of Housing and Community Development. It outlines the status of a construction contract, including details on contract time, contract sum, and payment application. The contractor certifies that all work has been completed per the contract terms and releases the owner from claims except for specified exceptions. It requires signatures from the contractor, notary public, housing authority board, architect, construction advisor, and director of the construction management unit.

Here's how it works

01. Edit your g706 form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send g706 form download via email, link, or fax. You can also download it, export it or print it out.

The easiest way to edit Partial release of retainage form in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Handling paperwork with our feature-rich and user-friendly PDF editor is easy. Adhere to the instructions below to fill out Partial release of retainage form online easily and quickly:

Sign in to your account. Log in with your email and password or create a free account to try the product before choosing the subscription.
Upload a document. Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Partial release of retainage form. Quickly add and underline text, insert images, checkmarks, and symbols, drop new fillable fields, and rearrange or delete pages from your paperwork.
Get the Partial release of retainage form completed. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other people using a Shareable link or as an email attachment.

Make the most of DocHub, one of the most easy-to-use editors to quickly manage your documentation online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the meaning of consent of surety?

A consent of surety is a written document that you get from your bail bonding agent. Bail bonding agents are not required to give you a consent of surety. (If you cannot get a consent of surety, you may be required to post a new bond.) You may need a consent of surety for: Bond Reinstatement.

What is a partial consent of surety?

Summary. Instructions for G707A1994, Consent of Surety to Reduction in or Partial Release of Retainage, is used when retainage is reduced during a construction project involving a surety. This form assures the owner that reducing or releasing retainage does not absolve the surety of its obligations.

What is the purpose of a surety agreement?

A surety is a promise or agreement made by one party that debts and financial obligations will be paid. In effect, a surety acts as a guarantee that a person or an organization assumes responsibility for fulfilling financial obligations in the event that the debtor defaults and is unable to make payments.

What is suretys consent?

As mentioned above, Suretys Consent is a type of bond meant to guarantee that an Obligee wont have to face any sort of financial loss. This agreement functions as a legally binding document between the bond issuer (Obligee or owner) and the underwriter.

Is retainage released at substantial completion?

When substantial completion is reached, it triggers the release of retainagea portion of the project payment that is held back by the owner until completion. For contractors, this is typically a sizable lump sum, which the owner must be prepared to release once substantial completion is confirmed.

What is retainage withheld?

Retainage, also called retention, is an amount withheld from the contractor until a later date. Its fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

What are the three parts of a surety bond?

The three parties to a surety bond are the principal, the surety, and the obligee.

What is a release of retainage?

Retainage is released and the funds are paid out to contractors and subcontractors once the construction project is completed usually after the final release of lien has been signed, along with any relevant completion certificates.

Get the up-to-date partial release of retainage form 2025 now

Here's how it works